Price for Knives; with Handles of Base Metal in Vietnam - 2022

Contents:

  1. Price for Knives; with Handles of Base Metal in Vietnam (CIF) - 2022
  2. Price for Knives; with Handles of Base Metal in Vietnam (FOB) - 2022
  3. Imports of Knives; with Handles of Base Metal in Vietnam
  4. Exports of Knives; with Handles of Base Metal in Vietnam

Price for Knives; with Handles of Base Metal in Vietnam (CIF) - 2022

The average import price for knives; with handles of base metals stood at $1.5 per unit in 2022, rising by 4.7% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for knives; with handles of base metals increased by +136.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 50% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($8.8 per unit), while the price for Thailand ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Knives; with Handles of Base Metal in Vietnam (FOB) - 2022

In 2022, the average export price for knives; with handles of base metals amounted to $2.3 per unit, jumping by 45% against the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2017 an increase of 194% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($5.4 per unit), while the average price for exports to Kazakhstan ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+88.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Knives; with Handles of Base Metal in Vietnam

In 2022, the amount of knives; with handles of base metals imported into Vietnam shrank notably to 366K units, with a decrease of -17.8% against 2021 figures. Overall, imports showed a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Imports peaked at 503K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of knives; with handles of base metals fell to $549K in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of $638K, and then reduced in the following year.

Import of Knives; with Handles of Base Metal in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand2131431762454.8%
China79.854.019115324.2%
Taiwan (Chinese)14219828.169.8-21.1%
Japan27.637.882.369.536.0%
United StatesN/AN/A127N/A0%
Others17.813.633.211.0-14.8%
Total4804466385494.6%

Top Suppliers of Knives; with Handles of Base Metal to Vietnam in 2022:

  1. Thailand (232.4K units)
  2. China (102.5K units)
  3. Taiwan (Chinese) (20.0K units)
  4. Japan (7.9K units)

Exports of Knives; with Handles of Base Metal in Vietnam

After three years of growth, overseas shipments of knives; with handles of base metals decreased by -18.3% to 66K units in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 350%. Over the period under review, the exports of attained the peak figure at 81K units in 2021, and then shrank notably in the following year.

In value terms, exports of knives; with handles of base metals surged to $152K in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 235% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Export of Knives; with Handles of Base Metal in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan5.325.410670.9137.4%
United Kingdom1.540.14.939.6197.8%
United States9.9N/AN/A27.240.1%
Germany0.2N/AN/A3.9169.2%
Italy3.26.9N/A3.64.0%
Canada0.53.02.91.956.0%
KazakhstanN/AN/AN/A0.30%
CambodiaN/AN/A10.9N/A0%
Others2.93.53.44.616.6%
Total23.678.912815286.1%

Top Export Markets for Knives; with Handles of Base Metal from Vietnam in 2022:

  1. United Kingdom (29.0K units)
  2. Japan (19.6K units)
  3. United States (7.5K units)
  4. Kazakhstan (6.3K units)
  5. Germany (1.1K units)
  6. Italy (0.7K units)
  7. Canada (0.5K units)

Source: IndexBox Market Intelligence Platform

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